Your Pre-retirement Checklist. Have you covered all the bases?

Does it seem like your finances keep getting more and more complicated

Does it seem like your finances keep getting more and more complicated? It seems that way because it’s true. And that means that you need to keep things organized. Not only for yourself, but ultimately for your children.

It’s not that difficult. In just a few pages, we’ll walk you through the steps that you need to take. Sure, it’ll take a little bit of time. But if you don’t do it, there will come a day when your children will spend many, many hours trying to figure out where all the accounts are and how to access them and they’ll hope that they don’t miss anything that should be left to them.

Your Lifestyle – things that you want to take time to consider and discuss with your spouse (if appropriate) and possibly even your children.

Should you consider downsizing? Will you continue to live in the family home? Or is it time to consider something smaller and easier to maintain?

Will you do more traveling? How much will you budget for travel each year?

Will you take up or expand a current hobby? Will that require additional space or equipment? Could it provide some side income?

Income & Expenses – Will you have enough money to retire on? Will you outlive your money?

Now is the time to understand your financial position. Make a list of all of your post-retirement income sources and how much income they’ll provide.